The dermo-cosmetic products are used to treat common skin problems such as psoriasis, eczema, acne, extreme sensitivity, and reactive skin. The rising number of incidences regarding skin disorders and lifestyle-related skin complaints have spurred the demand for dermo-cosmetic products in recent years. Growing awareness concerning skin reaction to adverse conditions such as pollution and sunlight has led to the emergence of dermo-cosmetic products. These products are not categorized under beauty products. However, they help enhance beauty. The global dermo-cosmetic market is expected to grow at a CAGR of 9.2% during the forecast period.

Top Driver: Surging Demand Among Millennials and Associated Benefits

The increasing number of young population and growing awareness about the benefits of dermo-cosmetic products among millennials are anticipated to drive the demand during the forecast period. Another major factor for the rise in demand for dermo-cosmetic products is the rising disposable income and growing consumer interest in wellness and health. The long-term benefits associated with dermo-cosmetic products are also expected to fuel the dermo-cosmetic market’s growth during the forecast period.

Skin Care Products Segment to Make Crucial Contribution to Growth of Global Dermo-Cosmetic Market

The global Dermo-cosmetic market can be segmented on the basis of type which includes Skin Care Products Hair Care Products, Eye Care Products, Others. The skin care segment is expected to dominate the market due to rising awareness about skin care routine among the people. On the basis of application, the market can be segmented as Retail Pharmacy, Hospital Pharmacy, Online Sales.

Rising Investments in Dermo-cosmetics to Benefit Asia Pacific Market

The Asia Pacific region is anticipated to gain highest revenue shares due to the surge in the investments over the products that improve the aesthetics in the forecast period. Furthermore, the increase in the   disposable income of the individuals would help the industry propel in the forecast period. The rise in the incidences of skin diseases coupled with the surge in the need for better aesthetics would help the industry to gain significantly in the near future.

Players to Focus on Dermo-Cosmetic Market

The global market is expected to stay fragmented with the increase in the number of new entrants in the coming years. Allergan plc, L’Oreal S.A., BSN medical GmbH, Procter & Gamble Co., Johnson & Johnson, Jan Marini Skin Research Inc, Unilever plc, ZO Skin Health Inc., La Prairie, Valeant Pharmaceuticals Inc., Revive, Shiseido Group, Glo Skin Beauty Bioelements, Amorepacific Corporation, and PCA Skin among others could be at the forefront of the competition in the global market.

L’Oreal S.A.: In April 2019, the local arm of the world’s largest cosmetics company, L’Oréal, is scouting for acquisitions in the skin and make-up market in India, said a top company executive, adding that it seeks to capitalize on the country’s rising demand for beauty products.

BSN medical: In April 2017, SCA’s acquisition of BSN medical, a leading medical solutions company, has been closed. The company develops, manufactures, markets and sells products within wound care, compression therapy and orthopedics. The purchase price for the shares amounts to EUR 1,400m and takeover of net debt to approximately EUR 1,340m1).

Scope of the Report

By Type

• Skin Care Products
• Hair Care Products
• Eye Care Products
• Others

By Application

• Retail Pharmacy
• Hospital Pharmacy
• Online Sales

By Region

• North America
• Europe
• Asia Pacific
• SAMEA

Key Reasons to Purchase this Report

1. It provides a technological development map over time to understand the growth rate of the industry.
2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
3. It renders definite analysis for changing competitive dynamics.
4. It builds a seven-year estimate based on how the market is predicted to grow.